Cloudflare (NET) Tops Q1 EPS by 5c, Guidance Mixed

Cloudflare (NYSE: NET) reported Q1 EPS of $0.08, $0.05 better than the analyst estimate of $0.03. Revenue for the quarter came in at $290.2 million versus the consensus estimate of $290.8 million.

GUIDANCE:

Cloudflare sees Q2 2023 EPS of $0.07-$0.08, versus the consensus of $0.03. Cloudflare sees Q2 2023 revenue of $305-306 million, versus the consensus of $319 million.

Cloudflare sees FY2023 EPS of $0.34-$0.35, versus the consensus of $0.16. Cloudflare sees FY2023 revenue of $1.28-1.284 million, versus the consensus of $1.33 million.

For earnings history and earnings-related data on Cloudflare (NET) click here.

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